Posted Thursday, 30 January 2014 at 16:50 by Michael Chan
Tagged: Investors | property investing | news
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Loans for Investment properties under the NRAS scheme up to 90% LVR ( 10% deposit)
Benefits of an NRAS property?
National Rental Affordability Scheme ( NRAS) - Government will provide a guaranteed refundable tax credit of $10,000 per year for the next 10 years for any investment properties bought under the NRAS scheme. Properties will be rented out to eligible WORKING tenants 20% below the market rent.
- 80% of market rent ( rent increase by rental CPI)
- Depreciation for tax
- Guaranteed refundable tax credit of $10,000 per year for the next 10 years ( increase by CPI)
- Loan up to 90% LVR allowed
It's recommended that you speak to your tax accountant regarding your personal situation before entering into an NRAS purchase.